This Top E-Commerce Stock Could Help 30 Million Small Businesses Take on Amazon

In just 60 days, the pandemic and lockdown changed our way of life permanently. Sure, the economy will recover and we'll be able to go to restaurants again. But some changes are here to stay. And those changes are unprecedented profit opportunities for those who find them, especially in e-commerce stocks.

As I sit here writing from my kitchen table, most people are working from home, nonessential businesses are closed, and over 36 million people have filed jobless claims in the United States. On top of that, retail sales in April were down a record 16.4% amid the lockdowns.

While the country is slowly starting to open back up, the way we conduct business has changed forever.

Teleconferences, ordering groceries to your door, and shopping online have grown exponentially and have become a part of our normal daily life. In the past month, I've spoken with several executives who now don't see the need for as much employee travel and could even cut some office space in the wake of the pandemic. Twitter Inc. (NYSE: TWTR) has even come out saying that its roughly 5,000 employees can work from home indefinitely if they choose. Many other tech giants including Apple and Google have also set guidelines to allow employees to work from home into 2021.

As we open back up, there are also going to be restrictions preventing stores and restaurants from operating at full capacity, preventing them from even making a profit in some cases.

This means big changes, not just for corporations, but for small businesses that have been hit the hardest by the pandemic. While companies like Inc. (NASDAQ: AMZN) have flourished during the last few months, they are not the economy.

Small businesses make up the backbone of this country.

According to the U.S. Small Business Administration, there are 30.2 million small businesses in the Unites States making up 99.9% of all businesses and roughly 50% of all U.S. employees. Part of the reason they have been the hardest hit is that many small businesses are primarily brick and mortar and only serve their local community. A study done by shows that less than two-thirds of small businesses even have a website. This means that during the shutdown, many small retail shops have no alternative but to close their doors.

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That is why I'm going to share with you today a company that is providing essential services to get small businesses up and running in the digital world.

And it could make them one of the biggest winners of the new economy...

The E-Commerce Stock That Could Save Small Businesses

E-commerce is exploding and becoming a larger and larger part of the multitrillion-dollar retail sales market. According to new data from Adobe's Digital Economy Index, U.S. e-commerce jumped 49% in April, compared to early March, when restrictions did not exist. What I really like about this growth is that it is faster than Amazon's 26% net sales growth in the first quarter.

This means that small businesses are looking to take a bite out of Amazon's sales. Just look at the growth of companies like Shopify Inc. (NYSE: SHOP), which helps small businesses create online stores. Its stock is up over 100% since the beginning of April. Or Etsy Inc. (NASDAQ: ETSY), which saw small businesses sell products at a record pace.

Demand for creating an online presence is accelerating as businesses around the globe adapt to the current environment, and there is plenty of market left to capture. Even when retail opens back up and our economy returns to normal, businesses will continue with online sales in order to bolster their sales.

And a company tapping into this shift at just the right time could be a post-pandemic leader...[mmpazkzone name="in-story" network="9794" site="307044" id="137008" type="4"]

This is why I am looking to get into GoDaddy Inc. (NYSE: GDDY).

Not only is it the largest domain register company in the world with 40 million domain names under its management, but it provides so many other services. From setting up an online store to e-mail marketing and search engine optimization services, the company has it all to get you up and running. GoDaddy has transformed its business model over the years from just a simple domain provider to a one-stop shop for developing an online presence.

As mentioned above, there is a huge and growing addressable market of millions of small businesses looking to develop and grow their online presence, and GoDaddy is one of the best places for customers to do that. Over the last few years, it has integrated with OpenTable for restaurants, payments with PayPal, and e-commerce with Google Shopping and Facebook.

Compared to its three main competitors, Endurance International Group Holdings Inc. (NASDAQ: EIGI), Ltd. (NASDAQ: WIX), and Shopify, it is the only one that is consistently profitable. Revenue has been up over 10% every year since it went public in 2015, and free cash flow margins are at 25%. It also has a very strong customer retention rate of 85%, which should help it weather any downturn in the market. Given GoDaddy's financial position and growing product suite, it should be in prime position to take advantage of the shift to e-commerce.

Six-Figure Payday Opportunity Opens After the FCC Launches $10 Billion Initiative

Working from home, telemedicine, and even online grocery shopping are trends that've been here for years without causing any problems... until February. The 88 most populous cities across the United States are now seeing their Internet speeds tumble by 44% (and this could just be the start). That's why the FCC had to step in - and its $10 billion initiative could translate to a huge payout because of it. Click here to check out our research.

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